According to the recent study the carbon fiber textile market is projected to reach an estimated $2.3 billion by 2028 from $1.7 billion in 2022, at a CAGR of 5.7% from 2022 to 2028. Growth in this market is primarily driven by growing demand for lightweight and high performance composite materials in transportation, marine, wind energy, aerospace/defense, and construction industries.
Browse 123 figures / charts and 94 tables in this 214 -page report to understand trends, opportunities and forecast in carbon fiber textile market by end use (transportation, marine, wind energy, aerospace and defense, construction, consumer goods, and others), product type (woven textiles and non-woven textiles), and region (North America, Europe, Asia Pacific, and the Rest of the World).
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“Wind energy market is expected to remain the largest segment during the forecast period.”
Based on end use, the carbon fiber textile market is segmented into transportation, marine, wind energy, aerospace and defense, construction, consumer goods, and others. Lucintel forecasts that the wind energy market is expected to remain the largest segment due to higher strength and stiffness properties.
“Within the carbon fiber textile market, the woven textile segment is expected to remain the largest product type”
Based on product type the woven textile segment is expected to witness the highest growth over the forecast period due to its better drapability, optimization in component design, and de-lamination resistance.
“Europe will dominate the carbon fiber textile market in near future”
Europe is expected to remain the largest region and it is also expected to witness the highest growth over the forecast period due to presence of leading carbon fiber composite component manufacturers.
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Major players of carbon fiber textile market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Saertex Group, Sigmatex (UK) Ltd., VECTORPLY CORPORATION, Chomarat, BGF Industries, SGL Group, Hexcel, SELCOM S.R.L, and Toray Industries, Inc. are among the major carbon fiber textile providers.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/carbon-fiber-textile-market.aspx or [email protected]